Investment Commentary
The Money Markets Mess
Submitted by THE O-MAN on Thu, 08/30/2007 - 16:19.What happens when people try to withdraw money from money market funds: Money market funds will sell your shares out of your money market account to raise the cash. Remember, in almost all money market funds one share = $1. To raise that money the fund usually draws from the cash that they have on hand that day. This cash comes from the vast array of short term securities (usually 90 day or less commercial paper) that a fund has maturing on any given day.
Why private equity is a buy now
Submitted by lucas20 on Thu, 08/09/2007 - 17:42.Retail investors are bailing out of the U.S. stock market even as corporations and insiders are buying in. Bet with the smart money -- and the Blackstone Group.
By Jon Markman
